Audio 3:51
Greenham says Japanese demand for Tas beef will rise

While some elements of the Australian beef industry are disappointed with the outcome of the Japan Free Trade Agreement, a Tasmanian meat processor says it will have a positive impact on profit margins and market opportunities.

The seven year process has ended with the promise that tariffs will be halved over the next 18 years for frozen beef - but they won't be eliminated - eventually dropping from 38.5% to 19.5%.

The Cattle Council of Australia says its disappointed the tariff won't be ditched altogether, but north west Tasmanian meat processor Greenhams says the deal will mean better returns for the company and for its farmers.